Funding R&D, innovation and growth
Entrepreneurial, technology driven companies in Canada often face significant financial challenges at critical stages of their service or product development and deployment. While federal, provincial and private funding mechanisms are available to propel companies through these critical stages, they typically do not have the bandwidth or the appetite to research their funding options or to effectively address program requirements.
BDO’s Government Incentives team provides a comprehensive approach to assist our clients to access funding through these critical stages, from early stages of development to global scaling. Our team helps our clients develop a funding roadmap to match the appropriate funding to their evolution and to integrate it with their overall capitalization.
At the early stages, funding may be required to test and prototype a technological or business concept. Funding of prototypes, technology demonstration projects, or product and process development may access direct funding programs available to share the risk. There is also funding for process improvements for efficiency, environmental footprint reduction, or adoption and adaptation of technology into an environment for which it was not originally intended. A new and often overlooked source of government funding at this stage is through government procurement channels directly.
BDO’s combination of industry expertise, tax and accounting knowledge, and process methodologies helps our clients access direct funding for business expansions, capital acquisitions, and adoption of new technologies, hiring, training, sustainability projects and export market development. Further, our established relationships with various industry associations and government agencies ensures that we are providing our clients with the latest information on funding opportunities.
Our team consists of over 150 engineers, software developers, scientists, technicians, tax and accounting specialists as well as business consultants. Drawing on our diverse experience, our engagement teams are able to identify funding opportunities and develop an implementation blueprint to support financial planning of future growth initiatives.
Meet our SR&ED and Government Incentives Team